MANILA, Philippines — Megawide Construction Corp. and its partner, GMR Infrastructure, the world’s fourth largest airport operator, have complied with the equity requirement set by the National Economic Development Authority (NEDA) for their proposal to rehabilitate the Ninoy Aquino International Airport (NAIA).
All 14,000 jobs at NAIA will also be secured.
Edgar Saavedra, Megawide chairman and CEO, made these assurances in a statement issued on Saturday.
Megawide was awarded Original Proponent Status in July 2020 after two years of negotiations with the former proponents fell through, Saavedra said.
Having received an encouraging letter from the Office of the President…
Keep on reading: Funds and jobs secured for NAIA rehab project – Megawide